Basically, you need to buy 2 warrants ($1.16 x 2) to be able to convert them into the ability to buy one common share at $11.50. Since the current stock price is $11.05, you would be overpaying by $2.77 (Price of 2x warrants + 1 share at $11.50). However, if at some time in the future the stock price rises above $11.50 + your warrant price, then you'd be able to make a profit.
Have a read over this: http://www.investopedia.com/articles/04/021704.asp As for your specific question, you need to read SEC documents to understand the warrants themselves. Here: https://gyazo.com/0f98b96eda9870d0243b7d070d1b8988
Basically, you need to buy 2 warrants ($1.16 x 2) to be able to convert them into the ability to buy one common share at $11.50. Since the current stock price is $11.05, you would be overpaying by $2.77 (Price of 2x warrants + 1 share at $11.50). However, if at some time in the future the stock price rises above $11.50 + your warrant price, then you'd be able to make a profit.
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